Carrick Jewellery Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC049657

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		131,208		153,076
Tangible Assets	5		141,086		154,831

			272,294		307,907
CURRENT ASSETS
Stocks	6	2,000		2,000
Debtors	7	274,979		238,938
Cash at bank and in hand		16,341		45,083

		293,320		286,021
Creditors: Amounts Falling Due Within One Year	8	(286,852 )		(303,151 )

NET CURRENT ASSETS (LIABILITIES)			6,468		(17,130 )

TOTAL ASSETS LESS CURRENT LIABILITIES			278,762		290,777

NET ASSETS			278,762		290,777

CAPITAL AND RESERVES
Called up share capital	9		37,000		37,000
Capital redemption reserve			63,000		63,000
Profit and Loss Account			178,762		190,777

SHAREHOLDERS' FUNDS			278,762		290,777

Page 1

Page 2

Carrick Jewellery Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Eva Robertson

Director

29/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Carrick Jewellery Limited is a private company, limited by shares, incorporated in Scotland, registered number SC049657 . The registered office is 24 Gordon Street, Glasgow, G1 3PU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	5% Straight Line
Plant & Machinery	15% Reducing Balance
Motor Vehicles	20% Reducing Balance
Fixtures & Fittings	20% Reducing Balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 29 (2024: 28)

Page 3

Page 4

Carrick Jewellery Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	218,680

As at 31 March 2025	218,680

Amortisation
As at 1 April 2024	65,604
Provided during the period	21,868

As at 31 March 2025	87,472

Net Book Value
As at 31 March 2025	131,208

As at 1 April 2024	153,076

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	112,922	58,986	6,500	24,710	203,118
Additions	-	-	-	955	955

As at 31 March 2025	112,922	58,986	6,500	25,665	204,073

Depreciation
As at 1 April 2024	16,552	19,465	2,884	9,386	48,287
Provided during the period	5,646	5,506	656	2,892	14,700

As at 31 March 2025	22,198	24,971	3,540	12,278	62,987

Net Book Value
As at 31 March 2025	90,724	34,015	2,960	13,387	141,086

As at 1 April 2024	96,370	39,521	3,616	15,324	154,831

6. Stocks

	2025	2024
	£	£
Stock	2,000	2,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	20,624
Inter company accounts	72,001	72,526
Riverhill short loan	202,978	145,788

	274,979	238,938

Page 4

Page 5

Carrick Jewellery Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	85,547	84,630
Corporation tax	4,057	4,053
Other taxes and social security	38,926	63,793
VAT	94,816	118,466
Other creditors (CP) (Current liabilities - creditors < 1 year)	16,440	31,440
Giift vouchers	(9,325 )	(4,323 )
Credit card	420	842
Accruals and deferred income	(3,179 )	-
Director's loan account	-	4,250
Amounts owed to related parties	59,150	-

	286,852	303,151

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	37,000	37,000

Page 5